Tim Draper: Bitcoin will hit $250,000 when the US government | CRYPTO PRINCE LEHPOE на Binance Square

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CRYPTO PRINCE LEHPOE

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Tim Draper: Bitcoin will hit $250,000 when the US government “sees the light” 👀

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✅ Bitcoin fell below the $63,000 level amid a collapse in the Chinese stock market, which happened because the government never announced financial stimulus measures 📉 Daily Digest: 🔸 The government of Palau has launched Palau Invest, a “blockchain-based savings bonds prototype system 🔸 A Russian investigator was convicted of accepting roughly $73 million in Bitcoin bribe 🔸 Canary Capital files for spot XRP ETF 🤑 🔸 Brazil's Supreme Court lifts ban on X (Twitter) 🔸 Binance announced that Scroll token $SCR will be launching on Binance Launchpool 🔸 Residents of the small city in Texas, have filed a lawsuit against crypto miner Marathon Digital ⚖️ 🔸 The U.S. Supreme Court declined to hear a case concerning the ownership of Bitcoin seized from the Silk Road 🔹 Prices: 🥇 Bitcoin - $62,289 (↓1.6%) ✨ Ethereum - $2,451 (↓0.1%) 🧪 S&P 500 - 5,751 (↑0.97%) 🕗 DXY - 102.47 (↓0.06%) 🌉 Gold - 2,621 (↓0.02%)

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Waiting for Bitcoin 30K

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Americans can't keep up with their bills 🤬 The average interest rate on credit cards in the U.S. rose to 21.8%. This is the highest rate in history 😨 According to the Federal Reserve Bank of New York, American credit card debt is not at an all-time high of $1.14 trillion 📈

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El Salvador now owns 5,896 #Bitcoin and is in an unrealized profit of $56,390,480.

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What Is Market Liquidity? 💧 Market liquidity is about how quickly and easily you can buy or sell a crypto asset without causing a big change in its price. When a market is liquid, there's plenty of activity, so you can trade your tokens fast and at fair prices 🕯 In a market with high liquidity, you get more accurate pricing. This means less risk of slippage, which is the difference between the expected price of a trade and the price at which it happens. 💁‍♀️ Low liquidity can be risky. Imagine that you are holding $5 million worth of a memecoin (POPCAT in the example on the screenshot above), but the total liquidity for that coin is only $1.7 million. If you try to sell all your tokens, you won't get the full $5 million USDT because your sell order will crash the price. ❗️ Always check the liquidity. On some DEXs or obscure trading pairs on CEXs, low liquidity can make trading a nightmare and cost you big time! #FAQ

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